Ola Electric IPO opens today: GMP signals upside potential; Analysts weigh

Quick Summary:

Geojit has recommended the investors to subscribe to the Ola Electric IPO with a long-term outlook.

At the upper price band of Rs 76, OEML's EV/sales ratio of 7.2x (FY24) appears expensive to analysts at Geojit."However, as a leader in the E2W segment, the company is in a strong growth phase with robust R&D, a broad product portfolio, and a vertically integrated approach.

Ola Electric shares are currently commanding a grey market premium (GMP) of around Rs 13-15 apiece, suggesting a potential premium of 17-20 per cent if trends sustain.

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Category: BusinessFinance

Markets: India

Topics: Ola ipo gmp Ola ipo gmp Ola ipo news Ipo news today Ola electric ipo gmp Ola electric ipo today Ola electric ipo lot size Ola ipo gmp price Ola electric ipo listing date Ola electric ipo gmp today Ola electric ipo share price Ola electric ipo allotment date Ola electric ipo gmp price Ola ipo details Ola ipo review Ola ipo [rice Ola ipo details Ola ipo date Ipo gmp today Ola elctric ipo

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Published On: 2024-08-02 @ 09:28:58 (8 hours ago)

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